Office Space…As America Creeps out of the Depression

It is always good to hear when investors are getting back into the pool for office space investment. The article involves information from Costar regarding the progression and absorption of office space for the coming year and the strengthening demand within the office space market. This spells out that employers are getting more comfortable with signing long term leases which reiterates that “the light at the end of the tunnel” is slowly approaching. After we spoke with some larger investment firms on Tuesday regarding their distressed purchases over the past 24 months in commercial real estate, they mentioned they were displeased by the fact that the inventory was not made available similar to the times of the RTC crisis in the 1980’s and early 1990’s. The positive momentum is continuing within the office sector. It is a crucial segment to the United States recovery and likewise commercial real estate as it involves the most important aspect of our economy…job growth.

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